Australian Shares and ADRs Message Board

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Strategies & Market Trends : Australian Shares and ADRs

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To: Carey Thompson who wrote (55)	7/13/1998 2:54:00 AM
From: Moominoid	Read Replies (1) of 96

There is definitely a close relationship between $A and commodity prices but also a very strong one recently between the Yen and $A. I Haven't done any statistical analysis and so am not sure which is really driving the $A- the direct Asian impact or indirect through commodity prices. Buying Aussie dollars or shares is therefore a gamble as it isn't very clear whether either trend is yet about to turn. The best performing Aussie shares recently have been in Telecoms/finance and other service industries. David

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